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Thames Water Expresses Doubt It Can Avoid Temporary Nationalisation
SOUTHEAST ENGLAND, JUL 15 – Thames Water’s net debt rose to £16.8 billion amid a 33% increase in sewage spills and a 35% bill hike approved to fund infrastructure, with recovery expected to take a decade.
- Thames Water said it `will take at least a decade` to turn around its fortunes, warned of a long recovery, and remains in talks after KKR pulled out.
- Operational strains drove Thames Water's net debt from £15.3bn to £16.8bn, and the company appealed Ofwat’s 35% bill hike for 2025-30.
- Households in four counties faced a new hosepipe ban, and restrictions begin next Tuesday, starting July 22 for customers in specific postcodes.
- Following the record fine, the Environment, Food and Rural Affairs Committee will quiz Thames Water bosses on Tuesday, raising collapse risk and regulatory concerns.
- The company said Thames Water will pledge record investment in its waste network over the next five years and assured water services will continue as normal, regardless of ownership.
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28 Articles
28 Articles
Thames Water boss blames 'too much rain' for leaks just hours after slapping millions with hosepipe ban
Thames Water’s chief executive has blamed too much rain for a massive increase in sewage leaks just days after introducing a hosepipe ban affecting millions of Britons.Chris Weston, CEO of the ailing water company, stated the network managed by the firm was unable to cope with the downpours witnessed last year. The firm has previously been criticised for giving large bonuses to senior executives despite debt and falling standards. It has reporte…
·London, United Kingdom
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Coverage Details
Total News Sources28
Leaning Left4Leaning Right3Center6Last UpdatedBias Distribution46% Center
Bias Distribution
- 46% of the sources are Center
46% Center
L 31%
C 46%
R 23%
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